Correction: Gold-----Sell near 2895, target 2869-2858Gold in the short term has a big V-shaped pattern. Gold fell to 2832 and then rebounded to 2895 in a V-shaped pattern. The rebound has exceeded the short-term repair. What everyone is most concerned about now is whether the bulls have risen again. The current pattern shows that the short-term has definitely turned strong and turned to bullish, but the general trend is still bearish. The signal of the weekly top has not been broken. Yesterday, the daily line closed with a big positive. Today, it is estimated that the bulls will have repairs. If the daily line closes with a positive again today, it may change the previous bearish trend. In addition, this week is a data week. Is the current rebound making room for data? Today, we will first look at the repair in the Asian session, and the US and European sessions will be bearish.
In the Asian session, we see that the repair range is 2858-2895. First, we will rely on the position of 2895 to arrange short orders. The long position opportunity is above the position of 2858. Note that when breaking through either side, we need to pay attention to whether it is the beginning of a new direction. If gold is still at a high level in the US and European sessions, we are considering a long-term plan. At present, I am not optimistic about gold going up directly in a V-shaped pattern, but rebounding and then falling again.
Support 2876 and 2858, pressure 2895, strong pressure 2900, the strength and weakness dividing line of the market is 2876.
Operation suggestion
Gold-----Sell near 2895, target 2869-2858
